Remittance Inflows Stay Strong Despite June Dip

Bangladesh received US$2.452 billion in remittances during the first 27 days of June, maintaining a robust flow of foreign currency despite a slight decline compared with the corresponding period last year, according to the latest figures released by Bangladesh Bank.

The central bank said expatriate Bangladeshis sent home US$2.452 billion between 1 and 27 June, equivalent to an average daily inflow of approximately US$90.8 million. During the same period in the previous year, remittances totalled US$2.499 billion, indicating a modest year-on-year decline for the month so far.

Bangladesh Bank spokesperson Arif Hossain Khan disclosed the figures on Sunday, noting that although June’s inflows have softened slightly compared with the same period last year, the overall performance for the current fiscal year remains exceptionally strong.

From July to 27 June of the ongoing fiscal year, remittances reached US$35.209 billion, representing a 17.30 per cent increase over the corresponding period of the previous fiscal year. The sustained growth highlights the continued contribution of Bangladeshi migrant workers, whose earnings remain one of the country’s most important sources of foreign exchange.

The latest figures follow several months of remarkably strong remittance inflows. In May alone, expatriates sent US$3.425 billion, making it the second-highest monthly remittance total ever recorded by Bangladesh. The country’s highest monthly remittance inflow was registered in March, when overseas Bangladeshis sent home US$3.755 billion.

April also witnessed a strong performance, with remittances amounting to US$3.127 billion. The consistently high inflows during recent months have helped strengthen Bangladesh’s foreign exchange earnings at a time when remittances continue to play a crucial role in supporting household incomes, boosting domestic consumption and easing pressure on the country’s external financial position.

The trend has remained positive throughout the fiscal year. January recorded remittances of US$3.171 billion, followed by US$3.021 billion in February. In the preceding months, expatriates remitted US$3.227 billion in December and US$2.890 billion in November.

Earlier in the fiscal year, remittance inflows stood at US$2.563 billion in October, US$2.686 billion in September, US$2.422 billion in August and US$2.478 billion in July. The steady flow throughout the year underscores the resilience of overseas earnings despite changing global economic conditions.

The strong fiscal-year performance comes after Bangladesh achieved a historic milestone in the 2024–25 financial year, when expatriate Bangladeshis sent a record US$30.328 billion in remittances over the full fiscal year. That marked the highest annual remittance earnings ever recorded by the country and highlighted the growing importance of migrant workers to the national economy.

Remittances remain one of Bangladesh’s largest sources of foreign currency alongside export earnings. They help finance imports, support foreign exchange reserves and provide a vital lifeline for millions of families across the country. Economists also view sustained remittance growth as an important indicator of the resilience of Bangladesh’s overseas workforce and its continued contribution to economic stability.

The monthly figures released by Bangladesh Bank illustrate the consistency of remittance inflows throughout the current fiscal year.

Although June’s partial total is marginally below that of the same period last year, the broader trend indicates that remittance inflows have remained resilient throughout the fiscal year, reinforcing their vital role in supporting Bangladesh’s economy and external sector.